Brief: Jeld-Wen Holding Inc Announced To Employees Restructuring Plan To Close Manufacturing Facility In Atlanta, Georgia

Jeld-Wen Holding

26/01/2023 23:17

Jan 26 (Reuters) - JELD-WEN Holding Inc  JELD.N :
    * JELD-WEN HOLDING INC-ANNOUNCED TO EMPLOYEES RESTRUCTURING
PLAN
TO CLOSE MANUFACTURING FACILITY IN ATLANTA, GEORGIA
    * JELD-WEN HOLDING INC -  EXPECTS TO INCUR PRE-TAX
RESTRUCTURING
EXPENSES, OTHER CLOSURE COSTS AND CAPITAL SPENDING OF ABOUT $19
MILLION
    * JELD-WEN HOLDING INC -  ALL OF PRE-TAX RESTRUCTURING
EXPENSES
ARE EXPECTED TO BE INCURRED BY END OF Q3 OF 2023
    * JELD-WEN HOLDING INC - PLAN IS EXPECTED TO BE
SUBSTANTIALLY
COMPLETED BY END OF Q3 OF 2023
    * JELD-WEN HOLDING -ABOUT $15 MILLION EXPECTED EXPENSE AND
INVESTMENT RELATED TO PLAN WILL BE CASH ITEMS, INCLUDING ABOUT
$3 MILLION OF CAPITAL EXPENDITURES
    * JELD-WEN HOLDING INC- EXPECTS TO REALIZE ANNUAL ESTIMATED
COST
SAVINGS OF ABOUT $11 MILLION
    * JELD-WEN HOLDING INC-PLAN EXPECTED TO BE SUBSTANTIALLY
COMPLETED
BY END OF Q3 2023

Further company coverage:  JELD.N 
 ((Reuters.Briefs@thomsonreuters.com;))